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A farmer can plant two crops in a 450-acre plot of land. One acre of land can produce 2.7 bushels of crop A and 2.4 bushels of crop B. Crop A requires $30 for plowing, disking, and harvesting altogether per bushel, and crop B requires $40 for plowing, disk- ing, and harvesting per bushel (the cost includes labor for both crops). Now the same crops could be sold at $120 per bushel and $180 per bushel respectively. The family has 15,000 total hours available, and crop A requires 40 hours per acre, and crop B requires 60 hours per acre. The family can arrange 10,000 hours for $6.00 hour as additional labor. As for the availability of seeds, crop A could be planted for 300 acres, and crop B could be planted for 200 acres. If the farmer has $30,000 to invest in his crops, what is his maximum potential profit?
What event marked the arrival of the Pacific Age? Please explain and what countries make up the APEC? When was it established? What is the APEC's share in global trade?
What are the financial markets and what purposes do they serve and what are financial intermediaries? How do these intermediaries function in the economy?
choose two 2 public corporations in an industry with which you are familiar - one 1 that has acquired another company
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
How the budget affects economic activity. Explain when the government should have a budget deficit and when it should have a budget surplus.
assume that country a has a population of 500000 and only produces 1 good cars. country a produces 100000 cars per
State Khinchine's weak law of large numbers and provide a proof of this result. Discuss conditions under which a law of large numbers exists for a sample of independent but heterogeneously distributed random variables.
Suppose the demand for gizmos is given by the following expression: P=20-5QD +4 I (Income) In this expresiion, P is the price gizmo, quantity is given in millions of units, and I is income.
Calculate an equilibrium income (IS) schedule/curve. For your answer simply indicate the equilibrium income associated with each different rate of interest.
Examine the sustainability best practices that the organizations are engaged in or are planning to adopt and their perceived meaning to the organizations - Describe the innovation types and processes the organizations have formulated or are formula..
in what way the US trucking industry exemplified the capture theory hypothesis of government regulation prior to the passage of the Motor Carrier Act of 1980 and the result of hte passage of the Motor Carrier Act in 1980.Determine whether the Justi..
What was the most important lesson you learned from this course about the innovative process and what lessons could be learned through the process of learning and failing at an innovative venture?
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